新和成：2021年半年度报告（英文版）.PDF

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1、2021 Semi-Annual Report of Zhejiang NHU Company Ltd. 1 Zhejiang NHU Company Ltd. 2021 Semi-Annual Report August, 2021 2021 Semi-Annual Report of Zhejiang NHU Company Ltd. 2 Section I Important Notes, Contents and Definitions The Board of Directors, the Board of Supervisors, directors, supervisors an

2、d senior executives of the Company hereby guarantee that the information presented in this semi-annual report is authentic, accurate, complete and free of any false records, misleading statements or material omissions, and they will bear joint and several liabilities for such information. Hu Baifan,

3、 the Companys legal representative, Shi Guanqun, the person in charge of finance and accounting work, and Wang Xiaobi, the person in charge of accounting institution (Accounting Officer) hereby declare and warrant that the financial statements in the semi-annual report are authentic, accurate and co

4、mplete. All directors attended the meeting of the Board of Directors for deliberation of this annual report. Profit distribution proposal of semi-annual report or proposal on capitalization of capital reserves reviewed by the Board of Directors in the reporting period: The Company will not distribut

5、e cash dividend, distribute bonus shares, or distribute shares from capital reserve during the current reporting period. Note: This document is a translated version of the Chinese version 2021 Semi-Annual Report （ “（ “2021 年半年度报告” ）年半年度报告” ）, and the published announcements in the Chinese version sh

6、all prevail. The complete published Chinese 2021 semi-Annual Report maybe obtained at .2021 Semi-Annual Report of Zhejiang NHU Company Ltd. 3 Contents Section I Important Notes, Contents and Definitions . 2 Section II Company Profile and Key Financial Indicators . 5 Section III Management Discussion

7、 and Analysis . 9 Section IV Corporate Governance . 27 Section V Environmental and Social Responsibilities . 27 Section VI Significant Events . 38 Section VII Changes in Shares and Information about Shareholders . 48 Section VIII Information of Preferred Shares . 56 Section IX Situation on Corporate

8、 Bonds . 57 Section X Financial Report . 58 Section XI Documents Available for Reference . 200 2021 Semi-Annual Report of Zhejiang NHU Company Ltd. 4 Definitions Item Refers To Definitions Company, the Company and NHU Refers To Zhejiang NHU Company Ltd. CSRC Refers To China Securities Regulatory Com

9、mission Zhejiang Securities Regulatory Bureau Refers To Zhejiang Regulatory Bureau of China Securities Regulatory Commission PPS Refers To Polyphenylene sulfide PPA Refers To Poly phthalamide COD Refers To chemical oxygen demand NOX Refers To nitrogen oxides SO Refers To Sulphur dioxide VOC Refers T

10、o volatile organic compound Xinchang Vitamins Refers To Xinchang NHU Vitamins Co., Ltd. Zhejiang VYS Refers To Zhejiang Vityesun Animal Nutrition And Health Co., Ltd. Boao Lidu Refers To Qionghai Boao Lidu Real Estate Co., Ltd. NHU Import & Export Refers To Zhejiang NHU Import&Export Co., Ltd. Shang

11、yu Bio-Chem Refers To Shangyu NHU Bio-Chem Co., Ltd. Zhejiang Pharmaceutical Refers To Zhejiang NHU Pharmaceutical Co., Ltd. Zhejiang Special Materials Refers To Zhejiang NHU Construction Material Co., Ltd. Shandong Pharmaceutical Refers To Shandong NHU Pharmaceutical Co., Ltd. Shandong Vitamins Ref

12、ers To Shandong NHU Vitamins Co., Ltd. Shandong Jinghua Refers To Shandong NHU Fine Chemical Science and Technology CO., LTD. Shandong Amino-acids Refers To Shandong NHU Amino-acids Co., Ltd. Shandong Holding Refers To Shandong NHU Holdings Co., Ltd. Heilongjiang Biological Technology Refers To Heil

13、ongjiang NHU Biotechnology Co., Ltd. NHU (Hong Kong) Refers To NHU （HONGKONG） TRADING COMPANY LIMITED 2021 Semi-Annual Report of Zhejiang NHU Company Ltd. 5 Section II Company Profile and Key Financial Indicators I. Company Profile Stock Abbreviation NHU Stock Code 002001 Stock Exchange Shenzhen Sto

14、ck Exchange Company Name in Chinese 浙江新和成股份有限公司 Company Abbreviation in Chinese (If any) NHU Company Name in Foreign Language (If any) ZHEJIANG NHU COMPANY LTD. Company Abbreviation in Foreign Language (If any) NHU Legal Representative Hu Baifan II. Contact Person and Contact Information Item Board

15、Secretary Securities Affairs Representative Name Shi Guanqun Zeng Shuying Contact Address No.418 Xinchang Dadao West Road, Xinchang, Zhejiang P.R.China No.418 Xinchang Dadao West Road, Xinchang, Zhejiang P.R.China Tel. (0575)86017157 (0575)86017157 Fax (0575)86125377 (0575)86125377 E-mail III. Other

16、 Information 1. Companys Contact Information Whether the Companys registered address, office address, postal code, website and e-mail address has changed during the reporting period Applicable Not applicable The Companys registered address, office address, postal code, website and e-mail address hav

17、e not changed during the reporting period, which can be found in the 2020 Annual Report. 2. Information Disclosure and Location Whether information disclosure and location has changed during the reporting period Applicable Not applicable 2021 Semi-Annual Report of Zhejiang NHU Company Ltd. 6 The nam

18、e of the Companys selected information disclosure newspaper, the URL of the website designated by the CSRC where the semi-annual report is posted, and the place where the Companys semi-annual report is available have not changed during the reporting period, which can be found in the 2020 Annual Repo

19、rt. IV. Key Accounting Data and Financial Indicators Whether the Company needs performed retroactive adjustment or restatement of accounting data in prior years or not Yes No Retroactive adjustment or restatement of reasons Consolidated under the Same Control Item The Current Reporting Period The Sa

20、me Period of the Previous Year Increase/Decrease of the Current Reporting Period Compared with the Same Period of the Previous Year Before adjustment After adjustment After adjustment Operating Revenue (RMB) 7,254,221,638.01 5,290,274,214.99 5,303,165,502.25 36.79% Net Profit Attributable to Shareho

21、lders of the Listed Company (RMB) 2,408,499,133.50 2,211,899,379.72 2,208,930,277.20 9.03% Net Profit Attributable to Shareholders of the Listed Company after Deducting Non-recurring Gains and Losses (RMB) 2,279,454,655.63 2,114,837,105.23 2,114,837,105.23 7.78% Net Cash Flow Generated by Operationa

22、l Activities (RMB) 2,271,157,481.77 1,147,083,367.93 1,127,560,220.11 101.42% Basic Earnings per Share (RMB/Share) 0.93 0.86 Note 0.86 Note 8.14% Diluted Earnings per Share (RMB/Share) 0.93 0.86 Note 0.86 Note 8.14% Weighted Average ROE 12.02% 12.44% 12.31% Decrease 0.29 percentage point Item At the

23、 End of the Current Reporting Period At the End of the Previous Year Increase/Decrease at the End of the Current Reporting Period Compared with the End of the Previous Year Before adjustment After adjustment After adjustment 2021 Semi-Annual Report of Zhejiang NHU Company Ltd. 7 Total Assets (RMB) 3

24、3,647,974,809.91 30,897,007,799.54 30,897,007,799.54 8.90% Net Assets Attributable to Shareholders of the Listed Company (RMB) 20,231,380,128.84 19,336,254,922.95 19,336,254,922.95 4.63% Note: Shaoxing Rossence Material Technology Co.,Ltd and Shaoxing Qinjin New Materials Co., Ltd. were included in

25、the scope of the Companys consolidated statements on September 1, 2020, and Weifang Jinghe Real Estate Co., Ltd was included in the scope of the Companys consolidation on November 1, 2020, and the Company made retroactive adjustments to the relevant financial statement data. Note After the implement

26、ation of the Companys profit distribution plan for 2020, the Companys share capital increased from 2,148,662,300.00 shares to 2,578,394,760.00 shares, and the above earnings per share for the same period of the previous year was recalculated based on the adjusted share capital. V. Differences in Acc

27、ounting Data under Domestic and Foreign Accounting Standards 1. Differences of net profits and net assets in the financial reports disclosed according to the international accounting standards and Chinese accounting standards Applicable Not applicable There is no difference in net profits and net as

28、sets of this financial report between International Financial Reporting Standards (IFRS) and China Accounting Standards in the reporting period 2. Differences between the net profits and net assets in the financial reports disclosed according to the overseas accounting standards and Chinese accounti

29、ng standards Applicable Not applicable There is no difference in net profits and net assets of this financial report between Overseas Accounting Standards and China Accounting Standards in the reporting period.VI. Non-recurring Gains and Losses Items and Their Amounts VI. Items and Amounts of Non-re

30、curring Gains and Losses Applicable Not applicable Unit: RMB Item Amount Profits or losses from disposal of non-current assets (including the write-off for the accrued impairment of assets) 1,065,564.79 The government subsidies included in the current profits and losses (excluding the government sub

31、sidies closely related to regular businesses of the Company and issued in the quota or quantity based on the national standards) 76,380,676.96 Gains or losses from investment or asset management entrusted to others 29,617,969.78 Profits and losses resulting from the changes in fair value for 23,301,

32、029.03 2021 Semi-Annual Report of Zhejiang NHU Company Ltd. 8 holding trading financial assets, derivative financial assets and trading financial liabilities, derivative financial liabilities and investment income from disposal of trading financial assets, derivative financial assets, trading financ

33、ial liabilities, derivative financial liabilities, and other obligatory right investment, excluding the effective hedging businesses related to the regular business operation of the Company Non-operating revenue and expenses other than the above 9,566,525.91 Less: Impact of income tax 10,887,288.60

34、Total 129,044,477.87 For items defined as non-recurring gains and losses according to the No. 1 Explanatory Announcement on Information Disclosure for Companies Offering Their Securities to Public - Non-recurring Gains and Losses, or non-recurring gains and losses items listed in the said document d

35、efined as recurring ones, please specify the reasons. Applicable Not applicable In the reporting period, the Company did not define any non-recurring gains and losses items defined and listed in the No. 1 Explanatory Announcement on Information Disclosure for Companies Offering Their Securities to P

36、ublic - Non-recurring Gains and Losses, as recurring gains and losses items. 2021 Semi-Annual Report of Zhejiang NHU Company Ltd. 9 Section III Management Discussion and Analysis I. The Principal Business of the Company during the Reporting Period NHU is a national high-tech enterprise focusing on t

37、he production and sales of nutritional health products and new polymer materials. It has been innovating and developing around the business fields of nutritional products, aroma chemicals, and new polymer materials, and striving to build “chemical+” and “biological+” platforms. It has been constantl

38、y enriching its products category and developing functional chemicals. NHU adheres to the customer-oriented philosophy, takes customers as the center to create value, providing solutions for over 100 countries and regions across the world, continuously improving quality of human life with high-quali

39、ty, healthy and green products, and creating sustainable value with win-win development. With leading technologies, scientific management and sincere services, NHU has become a world-renowned supplier of vitamins and a large national manufacturer of aroma chemicals. I. Main Products and Applications

40、 Nutritional products: NHUs main vitamin products include vitamin E, vitamin A, vitamin C, DL-methionine, vitamin D3, Vitamin H ,coenzyme Q10 and astaxanthin, which are mainly used as feed and food additives to enhance animal health and boost profit of breeding industry, as well as to provide the en

41、ergy and nutrition needed for human being. NHUs vitamin products, as the main business, have a substantial market share, with a prominent industrial position, famous brand advantages, and the market standing of leading domestically and being well-known globally. Aroma chemicals: NHUs main aroma chem

42、ical products include : linalool, citral, and cis-3-hexenol series, and methyl dihydrojasmonate, raspberry ketone and ligustral, covering fragrance and flavor market. Its main aroma chemical products currently focus on the global market, with strong competitiveness, a high market share and relativel

43、y stable market structure. New polymer materials: NHUs main new material products include PPS and PPA, which are characterized by high temperature resistance, corrosion resistance and strong stability. At present, PPS series products have successfully entered the mainstream market application fields

44、 such as automobiles, electronic appliances and environmental protection. II. Major Operations during the Reporting Period During the reporting period, the Company has been actively taking countermeasures to seize market opportunities and maintain a positive growth trend in production and operation

45、facing the continuous impact of the global pandemic and changes in the market. Compared with the corresponding period of last year, in the first half of 2021, NHU has achieved RMB 7,254,221,638.01 operating income, with an increase of 36.79%; RMB 2,811,545,441.60 total profit, with an increase of 9.

46、82%; and RMB 2,408,499,133.50 net 2021 Semi-Annual Report of Zhejiang NHU Company Ltd. 10 profit attributable to the shareholders of the listed company, with an increase of 9.03%. 1. Collaborations to ensure the orderly progress of production and operation. During the report period, the market depar

47、tment of NHU adjusted sales strategy based on the market situation in a timely manner. The production, procurement and other functional departments worked closely with the sales department to improve the response to customers demand. By establishing strategic cooperation with shipping companies and

48、predicting the market and locking space in advance, NHU has ensured to the stable delivery of products during special periods. And by establishing a key raw material database for weekly follow-up, implement strategic reserves, strategic purchases and other forms, NHU has ensured to the stable supply

49、 of bulk raw materials. All such measures guaranteed the stable operation of sales business. 2. Promoting the construction of key projects and research subject orderly. During the report period, NHU have been improving the quality and efficiency of its products and their competitiveness through proc

50、ess optimization and internal tapping; NHUs 100,000-ton plant of the 250,000-ton-per-year DL-methionine phase II project, the biofermentation project (Phase I) and other new projects were in stable production; NHUs 150,000-ton plant of the 250,000-ton-per-year DL-methionine phase II project was on s